<PAGE>
EXHIBIT 99.1
================================================================================
Monthly Operating Report
-----------------------------------------------
CASE NAME: Physicians Resource Group, Inc. ACCRUAL Basis
CASE NUMBER: 00-30748-RCM
JUDGE: Robert C. McGuire
-----------------------------------------------
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
MONTH ENDING: September 30, 2000
I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY
OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING
ATTACHMENTS AND THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF
THE PREPARER IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Michael Yeary President
--------------------------------------- ----------------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
Michael Yeary 20-Oct-00
--------------------------------------- ----------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Karen G. Nicolaou Controller - Secretary
--------------------------------------- ----------------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Karen G. Nicolaou 20-Oct-00
--------------------------------------- ----------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
================================================================================
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
Monthly Operating Report
--------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-1
CASE NUMBER: 00-30748-RCM
--------------------------------------------
--------------------------------------------
COMPARATIVE BALANCE SHEET
UNAUDITED ******** AMOUNTS ARE UNAUDITED *******
--------------------------------------------------------------------------------------------------------------------------
SCHEDULE
January February March April May
ASSETS AMOUNT (1) *
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 UNRESTRICTED CASH 46,847,552 - 48,483,735 48,254,575 47,772,167 47,279,916
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - PAYROLL
2 TAX REFUND 899,566 - 905,566 832,117 840,060 843,161
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - EYE CORP
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - PRG GEORGIA
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - AOI
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - ESCROW STOCK REFUNDS
--------------------------------------------------------------------------------------------------------------------------
3 TOTAL CASH 47,747,118 - 49,389,301 49,086,692 48,612,227 48,123,077
--------------------------------------------------------------------------------------------------------------------------
4 ACCOUNTS RECEIVABLE (NET) 2,963,426 - 10,561 6,991 - 5,481,023
--------------------------------------------------------------------------------------------------------------------------
5 INVENTORY - - - - - -
--------------------------------------------------------------------------------------------------------------------------
6 NOTES REC (SEE SCHEDULE) 529,848 - 529,878 519,948 519,133 516,375
--------------------------------------------------------------------------------------------------------------------------
7 PREPAID EXPENSES 2,643,776 - 2,394,106 2,227,692 2,052,927 1,892,640
--------------------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) - - 459,533 520,581 528,186 547,873
--------------------------------------------------------------------------------------------------------------------------
9 TOTAL CURRENT ASSETS 53,884,168 - 52,783,378 52,361,903 51,712,473 56,560,988
--------------------------------------------------------------------------------------------------------------------------
10 PROPERTY, PLANT & EQUIPMENT 201,837 - 4,525,708 4,485,554 4,485,554 4,240,275
--------------------------------------------------------------------------------------------------------------------------
11 LESS: ACCUM DEPRECATION - - (3,281,910) (3,322,094) (3,379,131) (3,313,918)
--------------------------------------------------------------------------------------------------------------------------
12 NET PROPERTY, PLANT & EQUIP 201,837 - 1,243,798 1,163,461 1,106,423 926,357
--------------------------------------------------------------------------------------------------------------------------
13 DUE FROM INSIDERS - - - - - -
--------------------------------------------------------------------------------------------------------------------------
14 OTHER ASSETS NET (ATTACH LIST) 80,910,621 - 76,928,562 76,936,716 76,936,716 76,936,716
--------------------------------------------------------------------------------------------------------------------------
15 OTHER (ATTACH LIST) 40,390 - 40,390 20,072 20,072 21,572
--------------------------------------------------------------------------------------------------------------------------
16 TOTAL ASSETS 135,037,016 - 130,996,128 130,482,152 129,775,684 134,445,633
--------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
June July August September
ASSETS
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 UNRESTRICTED CASH 28,401,239 27,882,364 26,774,818 25,876,681
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - PAYROLL
2 TAX REFUND 857,139 892,448 905,037 908,450
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - EYE CORP 4,269,130 4,292,830 4,316,099 4,340,660
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - PRG GEORGIA 3,562,598 3,582,321 3,601,685 3,622,125
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - AOI 15,977,588 16,067,029 16,154,845 16,247,537
--------------------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - ESCROW STOCK REFUNDS 20,385 20,314 20,385 20,385
--------------------------------------------------------------------------------------------------------------------------
3 TOTAL CASH 53,088,078 52,737,307 51,772,870 51,015,839
--------------------------------------------------------------------------------------------------------------------------
4 ACCOUNTS RECEIVABLE (NET) - - - -
--------------------------------------------------------------------------------------------------------------------------
5 INVENTORY - - - -
--------------------------------------------------------------------------------------------------------------------------
6 NOTES REC (SEE SCHEDULE) 491,503 257,880 247,963 239,801
--------------------------------------------------------------------------------------------------------------------------
7 PREPAID EXPENSES 1,842,429 1,712,238 1,666,944 1,605,105
--------------------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) 567,018 563,358 577,973 592,114
--------------------------------------------------------------------------------------------------------------------------
9 TOTAL CURRENT ASSETS 55,989,028 55,270,783 54,265,750 53,452,858
--------------------------------------------------------------------------------------------------------------------------
10 PROPERTY, PLANT & EQUIPMENT 4,259,439 4,295,825 4,295,825 4,295,825
--------------------------------------------------------------------------------------------------------------------------
11 LESS: ACCUM DEPRECATION (3,370,147) (3,429,571) (3,485,450) (3,537,592)
--------------------------------------------------------------------------------------------------------------------------
12 NET PROPERTY, PLANT & EQUIP 889,292 866,254 810,375 758,234
--------------------------------------------------------------------------------------------------------------------------
13 DUE FROM INSIDERS - - - -
--------------------------------------------------------------------------------------------------------------------------
14 OTHER ASSETS NET (ATTACH LIST) 76,587,643 76,587,643 76,587,643 76,587,643
--------------------------------------------------------------------------------------------------------------------------
15 OTHER (ATTACH LIST) 22,071 22,071 22,071 22,071
--------------------------------------------------------------------------------------------------------------------------
16 TOTAL ASSETS 133,488,034 132,746,751 131,685,839 130,820,806
--------------------------------------------------------------------------------------------------------------------------
===========================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
Monthly Operating Report
--------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-1
CASE NUMBER: 00-30748-RCM
--------------------------------------------
--------------------------------------------
COMPARATIVE BALANCE SHEET
UNAUDITED ******** AMOUNTS ARE UNAUDITED *******
==========================================================================================================================
SCHEDULE
JANUARY FEBRUARY MARCH APRIL May
LIABILTIES AMOUNT (1) *
----------------------------------------
POSTPETITION LIABILITIES
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
17 ACCOUNTS PAYABLE - 3,487 57,986 348,108 349,955
-------------------------------------------- ----------------------------------------------------------------------
18 TAXES PAYABLE X - - -
-------------------------------------------- ----------------------------------------------------------------------
19 NOTES PAYABLE - - -
-------------------------------------------- ----------------------------------------------------------------------
20 PROFESSIONAL FEES - 435,600 815,800 1,044,868 1,194,868
-------------------------------------------- ----------------------------------------------------------------------
21 SECURED DEBT - - -
-------------------------------------------- ----------------------------------------------------------------------
22 OTHER (ATTACH LIST) - 131,847 124,705 201,261 131,644
-------------------------------------------- ----------------------------------------------------------------------
23 LIABILITIES - 570,934 998,491 1,594,237 1,676,468
---------------------------------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
---------------------------------------------------------------------------------------------------------------------------
24 SECURED DEBT - - - -
---------------------------------------------------------------------------------------------------------------------------
25 PRIORITY DEBT 569,603 - 569,603 569,603 566,693 566,693.00
---------------------------------------------------------------------------------------------------------------------------
26 UNSECURED DEBT 135,307,165 - 140,982,547 141,098,226 140,927,149 140,860,189.21
---------------------------------------------------------------------------------------------------------------------------
27 OTHER (ATTACH LIST) - - 442,726 442,726 444,697 444,697.48
---------------------------------------------------------------------------------------------------------------------------
28 TOTAL PREPETITION LIABILITIES 135,876,768 - 141,994,876 142,110,554 141,938,540 141,871,580
---------------------------------------------------------------------------------------------------------------------------
29 TOTAL LIABILITIES 135,876,768 - 142,565,810 143,109,045 143,520,015 143,548,047
---------------------------------------------------------------------------------------------------------------------------
EQUITY
---------------------------------------------------------------------------------------------------------------------------
30 PREPETITION OWNERS EQUITY (839,752) - (10,944,475) (11,050,372) (10,948,771) (10,947,989)
---------------------------------------------------------------------------------------------------------------------------
POSTPETITION CUMULATIVE
31 PROFIT OR (LOSS) - (625,207) (1,576,520) (2,795,560) 1,845,575
------------------------------------------- ----------------------------------------------------------------------
DIRECT CHARGES TO EQUITY (ATTACH
32 EXPLANATION) - - - - -
---------------------------------------------------------------------------------------------------------------------------
33 TOTAL EQUITY (839,752) - (11,569,682) (12,626,893) (13,744,331) (9,102,414)
---------------------------------------------------------------------------------------------------------------------------
34 TOTAL LIABILITIES & OWNERS EQUITY 135,037,016 - 130,996,128 130,482,152 129,775,684 134,445,633
---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
===========================================================================================================================
June July August September
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
17 ACCOUNTS PAYABLE 336,046 410,643 728,355 441,457
---------------------------------------------------------------------------------------------------------------------------
18 TAXES PAYABLE - -
---------------------------------------------------------------------------------------------------------------------------
19 NOTES PAYABLE - -
---------------------------------------------------------------------------------------------------------------------------
20 PROFESSIONAL FEES 1,152,003 1,273,401 829,641 659,168
---------------------------------------------------------------------------------------------------------------------------
21 SECURED DEBT - -
---------------------------------------------------------------------------------------------------------------------------
22 OTHER (ATTACH LIST) 157,792 251,481 56,875 131,699
---------------------------------------------------------------------------------------------------------------------------
23 LIABILITIES 1,645,841 1,935,525 1,614,872 1,232,325
---------------------------------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
---------------------------------------------------------------------------------------------------------------------------
24 SECURED DEBT - - -
---------------------------------------------------------------------------------------------------------------------------
25 PRIORITY DEBT 566,693 566,693 566,693 566,693
---------------------------------------------------------------------------------------------------------------------------
26 UNSECURED DEBT 140,844,624 140,891,453 140,855,666 140,921,864
---------------------------------------------------------------------------------------------------------------------------
27 OTHER (ATTACH LIST) 444,697 476,591 485,700 485,700
---------------------------------------------------------------------------------------------------------------------------
28 TOTAL PREPETITION LIABILITIES 141,856,014 141,934,736 141,908,059 141,974,258
---------------------------------------------------------------------------------------------------------------------------
29 TOTAL LIABILITIES 143,501,856 143,870,261 143,522,931 143,206,582
---------------------------------------------------------------------------------------------------------------------------
EQUITY
---------------------------------------------------------------------------------------------------------------------------
30 PREPETITION OWNERS EQUITY (11,278,792) (11,325,751) (11,291,640) (11,304,499)
---------------------------------------------------------------------------------------------------------------------------
POSTPETITION CUMULATIVE
31 PROFIT OR (LOSS) 1,264,971 202,241 (545,451) (1,081,277)
---------------------------------------------------------------------------------------------------------------------------
DIRECT CHARGES TO EQUITY (ATTACH
32 EXPLANATION) -
---------------------------------------------------------------------------------------------------------------------------
33 TOTAL EQUITY (10,013,821) (11,123,510) (11,837,092) (12,385,776)
---------------------------------------------------------------------------------------------------------------------------
34 TOTAL LIABILITIES & OWNERS EQUITY 133,488,034 132,746,751 131,685,839 130,820,806
---------------------------------------------------------------------------------------------------------------------------
============================================================================================================================
</TABLE>
* The balances reported in the "Schedule Amount" column represent the
"current market value of the debtors interest in property, without
deducting any secrued claim or exemption."
The balances in the monthly columns represent Physician Resources
Group, Inc.'s historical cost basis in the asset, net of any allowance
for the impariment of the asset.
(1) Amounts included under the "Scheduled Amount" caption have been
updated to reflect changes in reported amounts subsequent to filing
the debtor's Statement of Financial Affairs.
PRG has filed amendments to the original "Statement of Financial
Affairs" and will continue to do so as and when appropriate.
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULE
---------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 1
CASE NUMBER: 00-30748-RCM MONTH: SEPT 2000
--------------------------------------------------- -------------------------
**** AMOUNTS ARE UNAUDITED ****
ITEM SCHEDULE
NO DESCRIPTION AMOUNT JAN FEBRUARY MARCH APRIL MAY
------------------------------------------------------------------------------------------------------ ------------ ------------
6 NOTES RECEIVABLE
-----------------------------------------
<S> <C> <C> <C> <C> <C> <C>
E. MOORE 2,225,000 2,225,000 2,225,000 2,225,000 2,225,000
HALEY 77,215 77,215 77,215 77,215 77,215
WYLL 76,227 76,227 76,227 76,227 76,227
FRITCH (Note 1) 300,000 300,000 292,819 292,819 292,819
SHAFRON 60,000 60,000 60,000 60,000 60,000
WILEY 150,000 150,000 150,000 150,000 150,000
DOCTORS VISION CENTER 146,314 146,314 146,314 146,314 146,314
------------ ------------ ------------ ------------ ------------
TOTAL NOTES RECEIVABLE 3,034,756 3,034,756 3,027,575 3,027,575 3,027,575
ESTIMATED RESERVE AMOUNT (2,754,878) (2,754,878) (2,754,813) (2,749,967) (2,746,998)
------------ ------------ ------------ ------------ ------------
ESTIMATED NET PRINCIPAL BALANCE 279,878 279,878 272,762 277,608 280,577
============ ============ ============ ============ ============
7 PREPAID EXPENSES
INSURANCE PREMIUMS 1,118,669 1,042,041 983,619 905,708 874,310
RESOURCES CONNECTION - RETAINER/FEES 92,574 30,046 29,006 29,006 29,006
GEORGE, DONALDSON & FORD - RETAINER 35,000 35,000 35,000 35,000 35,000
ANDREWS & KURTH - RETAINER 283,863 283,863 283,863 283,863 283,863
ARENT FOX KINTER PLOTKIN & KAHN - RETAINER 14,926 14,926 18,373 18,373 18,373
HORNTHAL PILEY ELLIS & MALLAND - RETAINER 3,500 3,500 3,500 3,500 3,500
JAMES E. BOREN - RETAINER 8,709 8,709 8,709 18,709 18,709
LEE & McINNISH - RETAINER 709 709 709 709 709
MUNSCH HARDT KOPF & HARR - RETAINER 10,000 10,000 10,000 10,000 10,000
NEAL & HARWELL -RETAINER 3,611 3,611 3,611 3,611 3,611
WOLIN, RIDLEY & MILLER - RETAINER 40,875 40,875 - -
FARRIS MATTHEWS BRANAN BOBANGO -RETAINER 7,218 7,218 7,218 7,073 7,073
SMYSER, KAPLAN & VESELKA -RETAINER 50,000 50,000 50,000 49,888 49,888
HOULIHAN & LOKEY - RETAINER 35,000 35,000 35,000 35,000 35,000
JACKSON & WALKER - RETAINER 250,000 250,000 250,000 250,000 250,000
JONES DAY REAVIS & POGUE -RETAINER 75,000 75,000 75,000 75,000 -
MANN FRANKFORT -RETAINER 80,000 80,000 80,000 68,400 68,400
LAURA JAMES -RETAINER 20,000 20,000 20,000 20,000 20,000
DICKSON FLATO -RETAINER 20,000 20,000 20,000 20,000 20,000
GRUBB CONSULTING -RETAINER 8,400 8,400 8,400 5,495 5,495
CLOUGH & DOUGHERTY, PLLC -RETAINER 12,500 12,500 12,500 12,500 12,500
QUANTUM INTERESTS/DAVID HORN -RETAINER 80,000 40,000 - - -
TONY ROVINSKY -RETAINER 8,000 5,034 2,674 2,674 -
DAVID SEGERS -RETAINER 6,600 6,600 6,600 6,600 6,600
LANE & TROHN - - - - -
AM SURG - PREPAID MANAGEMENT FEES 228,453 174,289 120,124 80,082 40,041
5005 RIVERWAY - PREPAID RENT 143,677 134,085 122,911 111,738 100,564
14800 LANDMARK - PREPAID RENT 38,793 - - -
BAKERSFIELD CBO - PREPAID RENT 3,174 - - -
ORLANDO CBO - PREPAID RENT 5,400 2,700 - - -
------------ ------------ ------------ ------------ ------------
TOTAL PREPAID EXPENSES 2,643,776 2,394,106 2,227,692 2,052,927 1,892,640
============ ============ ============ ============ ============
8 OTHER CURRENT ASSETS
-----------------------------------------
ACCRUED INTEREST ON NOTES RECEIVABLE - 459,532 520,581 528,186 547,873
------------ ------------ ------------ ------------ ------------
TOTAL OTHER CURRENT ASSETS - 459,532 520,581 528,186 547,873
============ ============ ============ ============ ============
<CAPTION>
ITEM
NO DESCRIPTION JUNE JULY AUGUST SEPTEMBER
--------------------------------------------------- ---------- ---------- ---------- -----------
6 NOTES RECEIVABLE
-----------------------------------------
<S> <C> <C> <C> <C>
E. MOORE 2,225,000 2,225,000 2,225,000 2,225,000
HALEY 77,215 77,215 77,215 77,215
WYLL 76,227 76,227 76,227 76,227
FRITCH (Note 1) 270,915 263,492 256,006 248,459
SHAFRON 60,000 60,000 60,000 60,000
WILEY 150,000 150,000 150,000 150,000
DOCTORS VISION CENTER 146,314 146,314 146,314 146,314
---------- ---------- ---------- -----------
TOTAL NOTES RECEIVABLE 3,005,671 2,998,248 2,990,763 2,983,215
ESTIMATED RESERVE AMOUNT (2,744,173) (2,740,368) (2,742,800) (2,739,323)
---------- ---------- ---------- -----------
ESTIMATED NET PRINCIPAL BALANCE 261,498 257,880 247,963 243,892
========== ========== ========== ===========
7 PREPAID EXPENSES
INSURANCE PREMIUMS 838,433 795,290 756,170 709,004
RESOURCES CONNECTION - RETAINER/FEES 29,006 29,006 29,006 29,006
GEORGE, DONALDSON & FORD - RETAINER 35,000 35,000 35,000 35,000
ANDREWS & KURTH - RETAINER 283,863 283,863 283,863 283,863
ARENT FOX KINTER PLOTKIN & KAHN - RETAINER 17,854 17,854 17,854 17,854
HORNTHAL PILEY ELLIS & MALLAND - RETAINER 106 106 106 106
JAMES E. BOREN - RETAINER 18,709 18,709 18,709 18,709
LEE & McINNISH - RETAINER 709 709 709 709
MUNSCH HARDT KOPF & HARR - RETAINER 9,935 9,935 9,935 9,935
NEAL & HARWELL -RETAINER 3,611 3,611 3,611 3,611
WOLIN, RIDLEY & MILLER - RETAINER 40,875 - - -
FARRIS MATTHEWS BRANAN BOBANGO -RETAINER 7,058 7,058 7,058 7,058
SMYSER, KAPLAN & VESELKA -RETAINER 49,888 49,888 49,888 49,888
HOULIHAN & LOKEY - RETAINER 35,000 - 5,000 0
JACKSON & WALKER - RETAINER 250,000 250,000 250,000 250,000
JONES DAY REAVIS & POGUE -RETAINER - - - -
MANN FRANKFORT -RETAINER 68,400 68,400 68,400 68,400
LAURA JAMES -RETAINER 20,000 20,000 20,000 20,000
DICKSON FLATO -RETAINER 20,000 20,000 20,000 20,000
GRUBB CONSULTING -RETAINER 5,495 5,495 5,495 5,495
CLOUGH & DOUGHERTY, PLLC -RETAINER 12,500 12,500 12,500 12,500
QUANTUM INTERESTS/DAVID HORN -RETAINER - - - -
TONY ROVINSKY -RETAINER - - - -
DAVID SEGERS -RETAINER 6,600 6,600 6,600 6,600
LANE & TROHN - - - 1,500
AM SURG - PREPAID MANAGEMENT FEES - - - -
5005 RIVERWAY - PREPAID RENT 89,390 78,216 67,043 55,869
14800 LANDMARK - PREPAID RENT - - -
BAKERSFIELD CBO - PREPAID RENT - - -
ORLANDO CBO - PREPAID RENT - - -
---------- ---------- ---------- -----------
TOTAL PREPAID EXPENSES 1,842,429 1,712,238 1,666,944 1,605,105
========== ========== ========== ===========
8 OTHER CURRENT ASSETS
-----------------------------------------
ACCRUED INTEREST ON NOTES RECEIVABLE 567,018 583,891 577,973 592,114
---------- ---------- ---------- -----------
TOTAL OTHER CURRENT ASSETS 567,018 583,891 577,973 592,114
========== ========== ========== ===========
</TABLE>
<PAGE>
DETAIL SCHEDULE
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 1
CASE NUMBER: 00-30748-RCM MONTH: SEPTEMBER 2000
------------------
**** AMOUNTS ARE UNAUDITED ****
<TABLE>
<CAPTION>
ITEM SCHEDULE
NO DESCRIPTION AMOUNT JAN FEBRUARY MARCH APRIL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
14 OTHER ASSETS NET OF AMORTIZATION
---------------------------------------------
INVESTMENTS IN SUBSIDIARIES 80,910,621 76,928,562 76,936,716 76,936,716
---------- ---------- ---------- ----------
TOTAL OTHER ASSETS NET OF AMORTIZATION 80,910,621 76,928,562 76,936,716 76,936,716
========== ========== ========== ==========
PRG HOLDS EQUITY INTERESTS IN APPROXIMATELY SEVENTY-FIVE MANAGEMENT SERVICE ORGANIZATIONS AND AMBULATORY SURGICAL CENTERS.
FOR AMOUNTS INCLUDED IN THE "SCHEDULE" COLUMN, PRG HAS ESTIMATED THE CURRENT MARKET VALUE TO BE APPROXIMATELY $80,000,000
FOR THESE INTERESTS DISCOUNTED APPROPRIATELY FOR THE UNCERTAINTITIES ASSOCIATED WITH REALIZING SUCH VALUE, AND EXCLUDING THE
VALUE OF POTENTIAL CLAIMS WHICH MAY BE ASSERTED AGAINST THE PRACTICES BY PRG. MONTHLY BALANCES REPRESENT HISTORICAL COST
BASIS, LESS ANY RESERVE FOR IMPAIRMENT OF THE ASSET.
15 OTHER NON-CURRENT ASSETS
---------------------------------------------
DEPOSIT - CMD REALTY INVESTMENT DALLAS 38,790 38,790 20,072 20,072
DEPOSIT-SKYTEL COMMUNICATIONS - - - -
DEPOSIT-FEDERAL EXPRESS - - - -
DEPOSIT - CATALINA BARBER CORP BAKERSFIELD 1,600 1,600 - -
---------- ---------- ---------- ----------
TOTAL OTHER NON-CURRENT ASSETS 40,390 40,390 20,072 20,072
========== ========== ========== ==========
20 POST-PETITION LIABILITIES PROFESSIONAL FEES
------------------------------------------------
ACCRUAL FOR ANDREWS & KURTH
ACCRUAL FOR BELL NUNNALLY
ACCRUAL FOR MANN FRANKFORT
ACCRUAL FOR HUGHES & LUCE
ACCRUAL FOR JACKSON WALKER
22 OTHER POST-PETITION LIABILITIES
-------------------------------------------------
ACCRUALS FOR ORDINARY COURSE PROFESSIONALS 130,597 122,205 199,594
ACCRUALS FOR TRAVEL/COMMUNICATIONS - - -
ACCRUAL FOR US TRUSTEE FEE 1,250 2,500 1,667
---------- ---------- ----------
131,847 124,705 201,261
========== ========== ==========
27 OTHER PRE-PETITION LIABILITIES
-------------------------------------------------
EMPLOYMENT TAX & W/H LIABILITY ESCROW * - 442,726 * 442,726 444,697
---------- ---------- ---------- ----------
TOTAL OTHER PRE PETITION LIABILITIES - 442,726 442,726 444,697
========== ========== ========== ==========
<CAPTION>
ITEM SCHEDULE
NO DESCRIPTION AMOUNT MAY JUNE JULY AUGUST SEPTEMBER
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
14 OTHER ASSETS NET OF AMORTIZATION
------------------------------------------------
INVESTMENTS IN SUBSIDIARIES 76,936,716 76,587,643 76,587,643 76,587,643 76,587,643
------------ ----------- ----------- ----------- -----------
TOTAL OTHER ASSETS NET OF AMORTIZATION 76,936,716 76,587,643 76,587,643 76,587,643 76,587,643
============ =========== =========== =========== ===========
PRG HOLDS EQUITY INTERESTS IN APPROXIMATELY SEVENTY-FIVE MANAGEMENT SERVICE ORGANIZATIONS AND AMBULATORY SURGICAL CENTERS.
FOR AMOUNTS INCLUDED IN THE "SCHEDULE" COLUMN, PRG HAS ESTIMATED THE CURRENT MARKET VALUE TO BE APPROXIMATELY $80,000,000
FOR THESE INTERESTS DISCOUNTED APPROPRIATELY FOR THE UNCERTAINTITIES ASSOCIATED WITH REALIZING SUCH VALUE, AND EXCLUDING THE
VALUE OF POTENTIAL CLAIMS WHICH MAY BE ASSERTED AGAINST THE PRACTICES BY PRG. MONTHLY BALANCES REPRESENT HISTORICAL COST
BASIS, LESS ANY RESERVE FOR IMPAIRMENT OF THE ASSET.
15 OTHER NON-CURRENT ASSETS
------------------------------------------------
DEPOSIT - CMD REALTY INVESTMENT DALLAS 20,072 20,072 20,072 20,072 20,072
DEPOSIT-SKYTEL COMMUNICATIONS - 499 499 499 499
DEPOSIT-FEDERAL EXPRESS 1,500 1,500 1,500 1,500 1,500
DEPOSIT - CATALINA BARBER CORP BAKERSFIELD - - - - -
--------- --------- ---------- --------- -----------
TOTAL OTHER NON-CURRENT ASSETS 21,572 22,071 22,071 22,071 22,071
========= ========= ========== ========= ===========
20 POST-PETITION LIABILITIES PROFESSIONAL FEES
-----------------------------------------------
ACCRUAL FOR ANDREWS & KURTH 994,868 829,003 931,297 370,000 345,712
ACCRUAL FOR BELL NUNNALLY - 23,000 35,949 15,000 7,500
ACCRUAL FOR MANN FRANKFORT - - 30,000 94,403 80,956
ACCRUAL FOR HUGHES & LUCE - 150,000 160,291 189,435 190,000
ACCRUAL FOR JACKSON WALKER 200,000 150,000 115,864 160,804 35,000
--------- --------- ---------- --------- -----------
1,194,868 1,152,003 1,273,401 829,641 659,168
========= ========= ========== ========= ===========
22 OTHER POST-PETITION LIABILITIES
------------------------------------------------
ACCRUALS FOR ORDINARY COURSE PROFESSIONALS 97,750 152,791 249,814 52,709 111,609
ACCRUALS FOR TRAVEL/COMMUNICATIONS 30,560 - 0 0 12,560
ACCRUAL FOR US TRUSTEE FEE 3,334 5,001 1,667 4,167 7,500
--------- --------- ---------- --------- -----------
131,644 157,792 251,481 56,876 131,669
========= ========= ========== ========= ===========
27 OTHER PRE-PETITION LIABILITIES
------------------------------------------------
EMPLOYMENT TAX & W/H LIABILITY ESCROW 444,697 444,697 476,591 485,700 485,700
--------- --------- ---------- --------- -----------
TOTAL OTHER PRE PETITION LIABILITIES 444,697 444,697 476,591 485,700 485,700
========= ========= ========== ========= ===========
</TABLE>
* ACCRUED LIABILITY FOR ADJUSTMENTS WHICH MAY ARISE FROM ERNST &
YOUNG'S REVIEW OF IRS TRANSCRIPTS OF EMPLOYMENT TAX ACTIVITY OF
PHYSICIANS RESOURCE GROUP, INC. AND AFFILIATED ENTITIES. THIS AMOUNT
IS INCLUDED IN THE RESTRICTED CASH BALANCE.
<PAGE>
Monthly Operating Report
-----------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-2
CASE NUMBER: 00-30748-RCM
-----------------------------------------------
<TABLE>
<CAPTION>
-----------------------------
INCOME STATEMENT ****** AMOUNTS ARE UNAUDITED ******
------------------------------------------------------------------------------
UNAUDITED
---------------------------------------------------------------------------------------------------------------------------
JANUARY FEBRUARY MARCH APRIL MAY
REVENUES
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 GROSS REVENUES - - - - -
---------------------------------------------------------------------------------------------------------------------------
2 LESS: RETURNS & DISCOUNTS - - - - -
---------------------------------------------------------------------------------------------------------------------------
3 NET REVENUE - - - - -
---------------------------------------------------------------------------------------------------------------------------
COST OF GOODS SOLD
---------------------------------------------------------------------------------------------------------------------------
4 DIRECT LABOR - - - - -
---------------------------------------------------------------------------------------------------------------------------
5 DIRECT OVERHEAD - - - - -
---------------------------------------------------------------------------------------------------------------------------
6 TOTAL COST OF GOODS SOLD - - - - -
---------------------------------------------------------------------------------------------------------------------------
7 GROSS PROFIT - - - - -
---------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
---------------------------------------------------------------------------------------------------------------------------
8 OFFICER/INSIDER COMPENSATION - 63,750 63,750 63,750 63,750
---------------------------------------------------------------------------------------------------------------------------
9 SELLING & MARKETING - -
---------------------------------------------------------------------------------------------------------------------------
10 GENERAL & ADMINISTRATIVE - 482,174 531,478 723,904 662,231
---------------------------------------------------------------------------------------------------------------------------
11 RENT & LEASE - 55,586 83,135 58,337 62,421
---------------------------------------------------------------------------------------------------------------------------
12 OTHER (ATTACH LIST) - 54,165 54,165 40,042 40,042
---------------------------------------------------------------------------------------------------------------------------
13 TOTAL OPERATING EXPENSES - 655,674 732,529 886,033 828,444
---------------------------------------------------------------------------------------------------------------------------
14 INCOME(LOSS) BEFORE NON-
OPERATING INCOME & EXPENSE - (655,674) (732,529) (886,033) (828,444)
---------------------------------------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSE
---------------------------------------------------------------------------------------------------------------------------
15 NON-OPERATING INCOME - 547,292 296,243 251,012 5,943,767
---------------------------------------------------------------------------------------------------------------------------
16 NON-OPERATING EXPENSE - 108 - (2,577)
---------------------------------------------------------------------------------------------------------------------------
17 INTEREST EXPENSE - - -
---------------------------------------------------------------------------------------------------------------------------
18 DEPRECIATION/DEPLETION - 54,284 59,625 57,038 53,242
---------------------------------------------------------------------------------------------------------------------------
19 AMORTIZATION -
---------------------------------------------------------------------------------------------------------------------------
20 OTHER (ATTACH LIST) - 33,953 (67) 51,806
---------------------------------------------------------------------------------------------------------------------------
21 NET OTHER INCOME & EXPENSES - 492,900 202,666 196,618 5,838,719
---------------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
---------------------------------------------------------------------------------------------------------------------------
22 PROFESSIONAL FEES - 461,183 420,200 526,239 366,692
---------------------------------------------------------------------------------------------------------------------------
23 U. S. TRUSTEE FEES - X 1,250 1,250 4,167 1,667
---------------------------------------------------------------------------------------------------------------------------
24 OTHER (ATTACH LIST) -
---------------------------------------------------------------------------------------------------------------------------
25 TOTAL REORGANIZATION EXPENSES - 462,433 421,450 530,406 368,359
---------------------------------------------------------------------------------------------------------------------------
26 INCOME TAX -
---------------------------------------------------------------------------------------------------------------------------
27 NET PROFIT (LOSS) - (625,207) (951,313) (1,219,821) 4,641,916
---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
JUNE JULY AUGUST SEPTEMBER TOTAL
REVENUES
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 GROSS REVENUES -
---------------------------------------------------------------------------------------------------------------------------
2 LESS: RETURNS & DISCOUNTS -
---------------------------------------------------------------------------------------------------------------------------
3 NET REVENUE - - -
---------------------------------------------------------------------------------------------------------------------------
COST OF GOODS SOLD
---------------------------------------------------------------------------------------------------------------------------
4 DIRECT LABOR -
---------------------------------------------------------------------------------------------------------------------------
5 DIRECT OVERHEAD -
---------------------------------------------------------------------------------------------------------------------------
6 TOTAL COST OF GOODS SOLD -
---------------------------------------------------------------------------------------------------------------------------
7 GROSS PROFIT - - - -
---------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
---------------------------------------------------------------------------------------------------------------------------
8 OFFICER/INSIDER COMPENSATION 63,750 371,250 63,750 63,750 817,500
------------------------------------------------------------------------------------------------------------ -----------
9 SELLING & MARKETING -
------------------------------------------------------------------------------------------------------------ -----------
10 GENERAL & ADMINISTRATIVE 364,287 580,722 464,609 400,902 4,210,307
------------------------------------------------------------------------------------------------------------ -----------
11 RENT & LEASE 37,018 33,618 34,295 12,664 377,074
------------------------------------------------------------------------------------------------------------ -----------
12 OTHER (ATTACH LIST) 40,042 27,080 29,100 19,062 303,697
------------------------------------------------------------------------------------------------------------ -----------
13 TOTAL OPERATING EXPENSES 505,097 1,012,670 591,754 496,378 5,708,579
------------------------------------------------------------------------------------------------------------ -----------
14 INCOME(LOSS) BEFORE NON-
OPERATING INCOME & EXPENSE (505,097) (1,012,670) (591,754) (496,378) (5,708,579)
------------------------------------------------------------------------------------------------------------ -----------
OTHER INCOME & EXPENSE
------------------------------------------------------------------------------------------------------------ -----------
15 NON-OPERATING INCOME 288,029 272,642 302,683 303,955 8,205,631
------------------------------------------------------------------------------------------------------------ -----------
16 NON-OPERATING EXPENSE - (2,469)
------------------------------------------------------------------------------------------------------------ -----------
17 INTEREST EXPENSE -
------------------------------------------------------------------------------------------------------------ -----------
18 DEPRECIATION/DEPLETION 56,230 59,424 55,879 52,142 447,863
------------------------------------------------------------------------------------------------------------ -----------
19 AMORTIZATION -
------------------------------------------------------------------------------------------------------------ -----------
20 OTHER (ATTACH LIST) 7,280 3,889 8,489 4,532 109,882
------------------------------------------------------------------------------------------------------------ -----------
21 NET OTHER INCOME & EXPENSES 224,519 209,329 238,315 247,281 7,650,347
------------------------------------------------------------------------------------------------------------ -----------
REORGANIZATION EXPENSES
------------------------------------------------------------------------------------------------------------ -----------
22 PROFESSIONAL FEES 298,359 257,722 390,086 282,564 3,003,041
------------------------------------------------------------------------------------------------------------ -----------
23 U. S. TRUSTEE FEES 1,667 1,667 4,167 4,165 20,000
------------------------------------------------------------------------------------------------------------ -----------
24 OTHER (ATTACH LIST) -
------------------------------------------------------------------------------------------------------------ -----------
25 TOTAL REORGANIZATION EXPENSES 300,026 259,389 394,253 286,729 3,023,045
------------------------------------------------------------------------------------------------------------ -----------
26 INCOME TAX -
------------------------------------------------------------------------------------------------------------ -----------
27 NET PROFIT (LOSS) (580,604) (1,062,730) (747,692) (535,826) (1,081,277)
---------------------------------------------------------------------------------------------------------------------------
=============================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULES
--------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 2
CASE NUMBER: 00-30748-RCM MONTH: SEPT 2000
-------------------------------------------------- -----------------------
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL MAY JUNE
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
11 GENERAL & ADMINISTRATIVE:
--------------------------------------
SALARIES 221,522 231,686 179,593 142,340 149,020
CONSULTING FEES 159,746 101,958 335,318 307,648 127,981
AUDIT FEES
PAYROLL TAXES 22,068 42,398 14,772 13,277 11,578
INSURANCE 61,938 58,888 83,900 131,953 38,194
TRAVEL 2,096 8,108 5,832 9,189 15,894
LODGING 914 3,839 1,766 3,216 4,874
CONTRACT LABOR 6,732 5,779 8,559 3,533 9,054
OFFICE SUPPLIES & EXPENSE 5,144 10,220 11,872 13,795 9,604
POSTAGE & DELIVERY - 1,519 816 1,991 869
TELEPHONE 935 23,527 76,988 32,709 (8,447)
MAINTENANCE & REPAIR 456 42,651 2,279 1,657 5,538
DATA PROCESSING 623 906 2,208 922 128
------- -------- -------- ---------- --------
TOTAL GENERAL & ADMINISTRATIVE 482,174 531,479 723,903 662,230 364,287
======== ======== ======== ========== ========
(1) Audit Fees were reclassed for August to
Professional Fees on line 23.
13 OTHER OPERATING EXPENSES
--------------------------------------
ASC MANAGEMENT FEES 54,165 54,165 40,042 40,042 40,042
------- -------- -------- ---------- --------
TOTAL OTHER OPERATING EXPENSES 54,165 54,165 40,042 40,042 40,042
======= ======== ======== ========== ========
16 NON-OPERATING INCOME
--------------------------------------
TABOADA SETTLEMENT - - 5,759,551 -
GAIN (LOSS) ON SALE OF ASSETS - (22,077) 1,375 (114,547) -
TAX REFUND 6,664 - - - -
INTEREST INCOME 190,627 315,080 245,515 298,748 261,322
LEGAL EXPENSE REIMBURSEMENT 350,000 - - - -
941 TAX REFUNDS (1996) - - - - 9,873
MISCELLANEOUS - 3,240 4,123 15 16,834
------- -------- -------- ---------- --------
TOTAL OTHER INCOME & EXPENSE 547,291 296,243 251,012 5,943,767 288,029
======= ======== ======== ========== ========
<CAPTION>
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JULY AUGUST SEPT
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
11 GENERAL & ADMINISTRATIVE:
--------------------------------------
SALARIES 140,659 129,643 123,612
CONSULTING FEES 268,945 237,612 145,928
AUDIT FEES 30,000 (1) -
PAYROLL TAXES 14,905 9,815 8,475
INSURANCE 47,669 50,117 75,665
TRAVEL 7,209 13,123 13,071
LODGING 1,563 4,190 3,585
CONTRACT LABOR 5,565 562 1,187
OFFICE SUPPLIES & EXPENSE 13,512 6,714 8,890
POSTAGE & DELIVERY 1,013 7 370
TELEPHONE 42,821 9,567 19,383
MAINTENANCE & REPAIR 6,143 2,794 68
DATA PROCESSING 719 465 666
-------- -------- --------
TOTAL GENERAL & ADMINISTRATIVE 580,723 464,609 400,900
======== ======== ========
(1) Audit Fees were reclassed for August to
Professional Fees on line 23.
13 OTHER OPERATING EXPENSES
--------------------------------------
ASC MANAGEMENT FEES 27,080 29,100 19,062
-------- -------- --------
TOTAL OTHER OPERATING EXPENSES 27,080 29,100 19,062
======== ======== ========
16 NON-OPERATING INCOME
--------------------------------------
TABOADA SETTLEMENT - - -
GAIN (LOSS) ON SALE OF ASSETS - - -
TAX REFUND - - -
INTEREST INCOME 272,642 295,300 300,934
LEGAL EXPENSE REIMBURSEMENT - - -
941 TAX REFUNDS (1996) - - -
MISCELLANEOUS - 7,383 3,021
-------- -------- --------
TOTAL OTHER INCOME & EXPENSE 272,642 302,683 303,955
======== ======== ========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULES
--------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 2
CASE NUMBER: 00-30748-RCM MONTH: SEPT 2000
-------------------------------------------------- -----------------------
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL MAY JUNE
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
21 NON-OPERATING EXPENSES
--------------------------------------
PENALTIES & LATE FEES - 20,096 (67) 25 0
FRANCHISE TAXES - - - 66,650 -
ANNUAL REPORTS - - - - 7,280
PROPERTY TAXES - 13,857 - (14,870) -
------- -------- -------- ---------- --------
TOTAL OTHER NON OPERATING EXPENSES - 33,953 (67) 51,805 7,280
======= ======== ======== ========== ========
<CAPTION>
ITEM
NO DESCRIPTION JULY AUGUST SEPT
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
21 NON-OPERATING EXPENSES
--------------------------------------
PENALTIES & LATE FEES 0 0 0
FRANCHISE TAXES 0 0 0
ANNUAL REPORTS 0 0 0
PROPERTY TAXES - - -
-------- -------- --------
TOTAL OTHER NON OPERATING EXPENSES - - -
======== ======== ========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Monthly Operating Report
------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-3
CASE NUMBER: 00-30748-RCM
------------------------------------------------
****** AMOUNTS ARE UNAUDITED ******
--------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY
DISBURSEMENTS - UNAUDITED
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 BEGINNING BALANCE 47,747,118 47,747,118 49,389,301 49,086,692 48,612,065 48,123,077 53,088,078
--------------------------------------------------------------------------------------------------------------
RECEIPTS FROM OPERATIONS
--------------------------------------------------------------------------------------------------------------
2 CASH SALES -
--------------------------------------------------------------------------------------------------------------
COLLECTION OF ACCOUNTS
RECEIVABLE
--------------------------------------------------------------------------------------------------------------
3 PREPETITION -
--------------------------------------------------------------------------------------------------------------
4 POSTPETITION -
--------------------------------------------------------------------------------------------------------------
5 TOTAL OPERATING RECEIPTS - -
--------------------------------------------------------------------------------------------------------------
NON-OPERATING RECEIPTS
--------------------------------------------------------------------------------------------------------------
6 LOANS & ADVANCES (ATTACH
LIST) -
--------------------------------------------------------------------------------------------------------------
7 SALE OF ASSETS -
--------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) - 2,100,148 317,020 256,327 375,929 5,828,607 559,317
--------------------------------------------------------------------------------------------------------------
9 TOTAL NON-OPERATING
RECEIPTS - 2,100,148 317,020 256,327 375,929 5,828,607 559,317
--------------------------------------------------------------------------------------------------------------
10 TOTAL RECEIPTS - 2,100,148 317,020 256,327 375,929 5,828,607 559,317
--------------------------------------------------------------------------------------------------------------
11 TOTAL CASH AVAILABLE 47,747,118 49,847,266 49,706,321 49,343,019 48,987,994 53,951,684 53,647,395
--------------------------------------------------------------------------------------------------------------
OPERATING DISBURSEMENTS
--------------------------------------------------------------------------------------------------------------
12 NET PAYROLL - 212,195 156,307 172,989 142,770 143,995 376,443
--------------------------------------------------------------------------------------------------------------
13 PAYROLL TAXES PAID - 214,427 76,264 87,977 71,297 76,379 146,688
--------------------------------------------------------------------------------------------------------------
14 SALES, USE & OTHER
TAXES PAID - - 73,448 53,141 87,626 330 4,485
--------------------------------------------------------------------------------------------------------------
15 SECURED/ RENTAL/
LEASES (NOTE 1) - - - - - - -
--------------------------------------------------------------------------------------------------------------
16 UTILITIES - 923 24,575 30,030 42,742 26,622 39,947
--------------------------------------------------------------------------------------------------------------
17 INSURANCE - 1,927 17,581 16,222 81,202 56,192 5,636
--------------------------------------------------------------------------------------------------------------
18 INVENTORY PURCHASES - - - - - - -
--------------------------------------------------------------------------------------------------------------
19 VEHICLE EXPENSE - - - - - - -
--------------------------------------------------------------------------------------------------------------
20 TRAVEL - 3,377 9,233 8,057 6,759 27,293 9,658
--------------------------------------------------------------------------------------------------------------
21 ENTERTAINMENT -
ONSITE MEALS - 764 340 - 1,167 1,112 758
--------------------------------------------------------------------------------------------------------------
22 REPAIRS &
MAINTENANCE - 456 5,479 2,604 9,071 25,012 39,548
--------------------------------------------------------------------------------------------------------------
23 SUPPLIES - 6,066 8,801 11,451 14,289 9,003 12,637
--------------------------------------------------------------------------------------------------------------
24 ADVERTISING - - - - - - -
--------------------------------------------------------------------------------------------------------------
25 OTHER (ATTACH LIST) - 17,829 238,431 136,581 279,825 250,971 178,576
--------------------------------------------------------------------------------------------------------------
26 TOTAL OPERATING
DISBURSEMENTS - 457,965 610,459 519,051 736,749 616,908 814,376
--------------------------------------------------------------------------------------------------------------
REORGANIZATION FEES
--------------------------------------------------------------------------------------------------------------
27 PROFESSIONAL FEES - - - 206,903 128,168 246,697 90,712
--------------------------------------------------------------------------------------------------------------
28 U. S. TRUSTEE FEES - - - 5,000 - - 5,000
--------------------------------------------------------------------------------------------------------------
29 OTHER (ATTACH LIST) - - 9,171 - - - -
--------------------------------------------------------------------------------------------------------------
30 TOTAL REORGANIZATION
EXPENSES - - 9,171 211,903 128,168 246,697 95,712
--------------------------------------------------------------------------------------------------------------
31 TOTAL DISBURSEMENTS - 457,966 619,629 730,954 864,917 863,605 910,088
--------------------------------------------------------------------------------------------------------------
32 NET CASH FLOW - 1,642,183 (302,609) (474,627) (488,988) 4,965,001 (350,771)
--------------------------------------------------------------------------------------------------------------
33 CASH - END OF MONTH 47,747,118 49,389,301 49,086,692 48,612,065 48,123,077 53,088,078 52,737,307
--------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------
CASH RECEIPTS AND AUGUST SEPT TOTAL
DISBURSEMENTS - UNAUDITED
--------------------------------------------------------------------
<S> <C> <C> <C>
1 BEGINNING BALANCE 52,737,307 51,772,870 47,747,118
--------------------------------------------------------------------
RECEIPTS FROM OPERATIONS
--------------------------------------------------------------------
2 CASH SALES -
--------------------------------------------------------------------
COLLECTION OF ACCOUNTS
RECEIVABLE
--------------------------------------------------------------------
3 PREPETITION -
--------------------------------------------------------------------
4 POSTPETITION -
--------------------------------------------------------------------
5 TOTAL OPERATING RECEIPTS -
--------------------------------------------------------------------
NON-OPERATING RECEIPTS
--------------------------------------------------------------------
6 LOANS & ADVANCES (ATTACH
LIST) -
--------------------------------------------------------------------
7 SALE OF ASSETS -
--------------------------------------------------------------------
8 OTHER (ATTACH LIST) 350,716 377,366 10,165,430
--------------------------------------------------------------------
9 TOTAL NON-OPERATING
RECEIPTS 350,716 377,366 10,165,430
--------------------------------------------------------------------
10 TOTAL RECEIPTS 350,716 377,366 10,165,430
--------------------------------------------------------------------
11 TOTAL CASH AVAILABLE 53,088,023 52,150,237 57,912,548
--------------------------------------------------------------------
OPERATING DISBURSEMENTS
--------------------------------------------------------------------
12 NET PAYROLL 141,003 120,697 1,466,400
--------------------------------------------------------------------
13 PAYROLL TAXES PAID 58,761 72,235 804,028
--------------------------------------------------------------------
14 SALES, USE & OTHER
TAXES PAID 11,829 19,572 250,431
--------------------------------------------------------------------
15 SECURED/ RENTAL/
LEASES (NOTE 1) -
--------------------------------------------------------------------
16 UTILITIES 36,198 16,050 217,086
--------------------------------------------------------------------
17 INSURANCE 32,080 - 210,838
--------------------------------------------------------------------
18 INVENTORY PURCHASES -
--------------------------------------------------------------------
19 VEHICLE EXPENSE -
--------------------------------------------------------------------
20 TRAVEL 10,472 18,706 93,555
--------------------------------------------------------------------
21 ENTERTAINMENT -
ONSITE MEALS 607 581 5,329
--------------------------------------------------------------------
22 REPAIRS &
MAINTENANCE 3,182 68 85,419
--------------------------------------------------------------------
23 SUPPLIES 10,014 7,550 79,810
--------------------------------------------------------------------
24 ADVERTISING -
--------------------------------------------------------------------
25 OTHER (ATTACH LIST) 191,934 407,825 1,701,973
--------------------------------------------------------------------
26 TOTAL OPERATING
DISBURSEMENTS 496,079 663,284 4,914,870
--------------------------------------------------------------------
REORGANIZATION FEES
--------------------------------------------------------------------
27 PROFESSIONAL FEES 819,074 468,613 1,960,167
--------------------------------------------------------------------
28 U. S. TRUSTEE FEES - 2,500 12,500
--------------------------------------------------------------------
29 OTHER (ATTACH LIST) 9,171
--------------------------------------------------------------------
30 TOTAL REORGANIZATION
EXPENSES 819,074 471,113 1,981,838
--------------------------------------------------------------------
31 TOTAL DISBURSEMENTS 1,315,153 1,134,398 6,896,709
--------------------------------------------------------------------
32 NET CASH FLOW (964,437) (757,031) 3,268,721
--------------------------------------------------------------------
33 CASH - END OF MONTH 51,772,870 51,015,839 51,015,839
--------------------------------------------------------------------
</TABLE>
NOTE 1: Amounts previously reported on this line have been reclassified to Other
and included as Office and Storage Unit Rental on the detailed schedule.
There are no capital leases or secured lease obligations.
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULES
----------------------------------------------------- ACCRUAL BASIS 3
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
MONTH: SEPT 2000
CASE NUMBER: 00-30748-RCM -----------------
-----------------------------------------------------
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JAN FEBRUARY MARCH APRIL MAY JUNE
--------------------------------------------------------------------------------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
NON OPERATING RECEIPTS
--------------------------------
7 SALE OF ASSETS:
EXCESS FURNITURE FROM THE DALLAS OFFICE - - - 20,000 -
---------- --------- --------- --------- ---------
SUB-TOTAL SALES OF ASSETS - - - 20,000 -
========== ========= ========= ========= =========
8 OTHER:
COLLECTION ON RECEIVABLE 1,682,317 47,462 10,516 8,544 5,508,721
INTEREST INCOME - 204,985 235,025 276,244 242,160
D & O INSURANCE CLAIM REFUND 350,000 - - - -
TAX REFUNDS 35,460 - - - 10,799
COBRA PAYMENTS RECEIVED 13,346 17,667 6,171 4,990 17,973
REPAYMENT WORKING CAPITAL ADVANCE 12,000 - - - -
SALE OF FURNITURE & FIXTURES (REMOTE
OFCS) 6,654 3,275 500 - -
RETURNED CHECKS (see Note 1) - 41,521 - - 20,385
SETTLEMENT FROM SAHARA LINDELL
CLOSE BANK ACCOUNTS 13,434
REFUND OF LEGAL RETAINER - - - 66,051 4,011
REIMBURSEMENT OF ADMIN EXPENSES 371 2,111 4,115 100 11,125
---------- --------- --------- --------- ---------
2,100,148 317,020 256,327 355,929 5,828,607
========== ========= ========= ========= =========
TOTAL NON OPERATING RECEIPTS 2,100,148 317,020 256,327 375,929 5,828,607
---------- --------- --------- --------- ---------
Note 1 Returned checks are from former PRG employees
(forwarding address unknown) for employee
stock plan purchases. Funds were deposited
into escrow account June 27, 2000.
25 OTHER OPERATING DISBURSEMENTS
--------------------------------
INVESTOR RELATIONS - 3,500 4,130 379 -
CONTRACT LABOR - OTHER 6,732 10,992 19,899 6,505 5,100
PENALTIES & LATE FEES 108 65 1,038 4,285 7,384
CONSULTING FEES 8,616 129,425 83,675 216,417 165,736
OFFICE & STORAGE UNIT RENTAL 350 93,108 25,610 51,319 55,558
DATA PROCESSING SERVICES 623 906 1,707 624 928
TRAINING - - 522 297 450
MANAGEMENT FEES - AMSURG
TAX SOFTWARE/SOFTWARE MAINTENACE - - - - 15,815
TAX LIABILITY - CURRENT PORTION 1,400 435 - - -
---------- --------- --------- --------- ---------
TOTAL OTHER OPERATING DISBURSEMENTS 17,829 238,431 136,581 279,825 250,971
========== ========= ========= ========= =========
29 OTHER REORGANIZATION FEES
--------------------------------
ADVERTISING OF BANKRUPTCY IN WSJ &
OTHER PUBS - 5,669 - - -
INVESTOR RELATIONS - 3,500 - - -
---------- --------- --------- --------- ---------
- 9,169 - - -
========== ========= ========= ========= =========
<CAPTION>
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JULY AUGUST SEPT
------------------------------------------------------- --------- --------- ----------
<S> <C> <C> <C> <C>
NON OPERATING RECEIPTS
--------------------------------
SALE OF ASSETS:
7 EXCESS FURNITURE FROM THE DALLAS OFFICE - - -
--------- --------- ----------
SUB-TOTAL SALES OF ASSETS - - -
========= ========= ==========
8 OTHER:
COLLECTION ON RECEIVABLE 240,112 7,485 7,548
INTEREST INCOME 273,618 280,685 286,793
D & O INSURANCE CLAIM REFUND -
TAX REFUNDS 31,893 9,109 2,260
COBRA PAYMENTS RECEIVED 5,292 5,647 3,508
REPAYMENT WORKING CAPITAL ADVANCE -
SALE OF FURNITURE & FIXTURES (REMOTE
OFCS) - 1,280 107
RETURNED CHECKS (see Note 1) -
SETTLEMENT FROM SAHARA LINDELL 66,198
CLOSE BANK ACCOUNTS - 3,404
REFUND OF LEGAL RETAINER 1,447 28,740
REIMBURSEMENT OF ADMIN EXPENSES 6,955 14,364 10,953
--------- --------- ----------
559,317 350,716 377,366
========= ========= ==========
TOTAL NON OPERATING RECEIPTS 559,317 350,716 377,366
--------- --------- ----------
Note 1 Returned checks are from former PRG employees
(forwarding address unknown) for employee
stock plan purchases. Funds were deposited
into escrow account June 27, 2000.
25 OTHER OPERATING DISBURSEMENTS
--------------------------------
INVESTOR RELATIONS - -
CONTRACT LABOR - OTHER 6,892 1,802 8,471
PENALTIES & LATE FEES 183 36 101
CONSULTING FEES 141,342 107,614 349,738
OFFICE & STORAGE UNIT RENTAL 28,090 25,766 28,792
DATA PROCESSING SERVICES 719 535 666
TRAINING 1,350 995
MANAGEMENT FEES - AMSURG 56,181 19,062
TAX SOFTWARE/SOFTWARE MAINTENACE - - -
TAX LIABILITY - CURRENT PORTION - - -
--------- --------- ----------
TOTAL OTHER OPERATING DISBURSEMENTS 178,576 191,934 407,825
========= ========= ==========
29 OTHER REORGANIZATION FEES
--------------------------------
ADVERTISING OF BANKRUPTCY IN WSJ &
OTHER PUBS
INVESTOR RELATIONS
</TABLE>
<PAGE>
Monthly Operating Report
-------------------------------
CASE NAME: PHYSICAN RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM ACCRUAL BASIS-4
-------------------------------
<TABLE>
<CAPTION>
********** ALL AMOUNTS ARE UNAUDITED **********
----------------------------------------------------------------------------------------------------------------------------------
SCHEDULE JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST
ACCOUNTS RECEIVABLE AGING AMOUNT
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 0 - 60 -
----------------------------------------------------------------------------------------------------------------------------------
2 31 - 60 -
----------------------------------------------------------------------------------------------------------------------------------
3 61 - 90 -
----------------------------------------------------------------------------------------------------------------------------------
4 91 + -
==================================================================================================================================
5 TOTAL ACCOUNTS RECEIVABLE
==================================================================================================================================
6 AMOUNT CONSIDERED UNCORRECTABLE - - - -
==================================================================================================================================
7 ACCOUNTS RECEIVABLE (NET) - - - - - - - -
==================================================================================================================================
<CAPTION>
---------------------------------------------------------
SEPT
ACCOUNTS RECEIVABLE AGING
---------------------------------------------------------
<S> <C>
1 0 - 60
---------------------------------------------------------
2 31 - 60
---------------------------------------------------------
3 61 - 90
---------------------------------------------------------
4 91 +
=========================================================
5 TOTAL ACCOUNTS RECEIVABLE
=========================================================
6 AMOUNT CONSIDERED UNCORRECTABLE
=========================================================
7 ACCOUNTS RECEIVABLE (NET)
=========================================================
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------
AGING OF POSTPETITION TAXES MONTH: SEPT 2000
AND PAYABLES
-----------------------------------------------------------------------------------------------------
TAXES PAYABLE 0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS TOTAL
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 FEDERAL - -
-----------------------------------------------------------------------------------------------------
2 STATE - -
-----------------------------------------------------------------------------------------------------
3 LOCAL - -
-----------------------------------------------------------------------------------------------------
4 OTHER (ATTACH LIST) -
=====================================================================================================
5 TOTAL TAXES PAYABLE - - -
=====================================================================================================
-----------------------------------------------------------------------------------------------------
6 ACCOUNTS PAYABLE 145,262 217,916 (1) 78,279 (2) 441,457
=====================================================================================================
</TABLE>
(1) In accordance with court order, unpaid liabilities to professionals
(Jackson Walker liability of $35,554, and Hughes & Luce liability of
$17,479, Mann Frankfort liability of $6,508 and Andrews & Kurth
liability of $53,591) until approved for payment by court.
(2) Includes unpaid liabilities to professionals (Mann Frankfort liability of
$13,016, Andrews & Kurth liability of $35,214, Hughes & Luce liability of
$15,460 and Bell & Nunnally liability of $4,977) until approved for
payment by court.
<TABLE>
<CAPTION>
------------------------------------
STATUS OF POSTPETITION TAXES MONTH: SEPT 2000
-----------------
----------------------------------------------------------------------------------------------------
FEDERAL (ADP REPORTS ATTACHED) BEGINNING TAX AMOUNT AMOUNT ENDING TAX
LIABILITY * WITHHELD PAID LIABILITY
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 WITHHOLDING ** - 55,092 55,092 -
----------------------------------------------------------------------------------------------------
2 FICA-EMPLOYEE ** - 8,475 8,475 -
----------------------------------------------------------------------------------------------------
3 FICA-EMPLOYER ** - 8,475 8,475 -
----------------------------------------------------------------------------------------------------
4 UNEMPLOYMENT - - - -
----------------------------------------------------------------------------------------------------
5 INCOME - - - -
----------------------------------------------------------------------------------------------------
6 OTHER(ATTACH LIST) - - - -
====================================================================================================
7 TOTAL FEDERAL TAXES - 72,042 72,042 -
====================================================================================================
STATE AND LOCAL
----------------------------------------------------------------------------------------------------
8 WITHHOLDING - 194 194 -
----------------------------------------------------------------------------------------------------
9 SALES - - - -
----------------------------------------------------------------------------------------------------
10 EXCISE - - - -
----------------------------------------------------------------------------------------------------
11 UNEMPLOYMENT (Note 1) - - - -
----------------------------------------------------------------------------------------------------
12 REAL PROPERTY - - - -
----------------------------------------------------------------------------------------------------
13 PERSONAL PROPERTY - - - -
----------------------------------------------------------------------------------------------------
14 OTHER (ATTACH LIST) - - - -
====================================================================================================
15 TOTAL STATE & LOCAL - 194 194 -
====================================================================================================
16 TOTAL TAXES - 72,235 72,235 (1) -
====================================================================================================
</TABLE>
* Beginning tax liability should represent the liability from the prior
month or, if this is the first operating report, the amount should
be zero.
* Attach photocopies of IRS Form 6123 or your FTD coupon and payment
receipt to verify payment or deposit.
(1) Reflects amount paid per ADP reports. PRG paid withholding for an
employee advance on Aug 31 that was processed through ADP on
September 2, 2000.
<PAGE>
Monthly Operating Report
-------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-5
CASE NUMBER: 00-30748-RCM
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The debtor in possession must complete the reconciliation below for each
bank account, including general, payroll and tax accounts, as well as all
savings and investment accounts, money market accounts, certificates of
deposit, government obligations, etc. Accounts with restricted funds
should be identified by placing an asterisk next to the account number.
Attach additional sheets if necessary.
********** ALL AMOUNTS ARE UNAUDITED **********
<TABLE>
<CAPTION>
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BANK RECONCILIATIONS MONTH: SEPT 2000
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<S> <C> <C> <C> <C>
A. BANK SWBOT SWBOT* SWBOT* SWBOT* SWBOT* COMERICA*
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B. ACCOUNT NUMBER 326003 300993 30100 301019 290084 1880647522 TOTAL
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PRG Stock
Eye Corp Georgia AOI Plan TAX
C. PURPOSE (TYPE) OPERATING(1) Proceeds Proceeds Proceeds Escrow(3) ESCROW
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1 BALANCE PER BANK STATEMENT 2,666,911 49,327 50,828 52,212 20,385 908,450 3,748,113
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2 ADD: TOTAL DEPOSITS NOT CREDITED -
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3 SUBTRACT: OUTSTANDING CHECKS 106,501 106,501
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4 (2) OTHER RECONCILING ITEMS (598) (598)
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5 MONTH END BALANCE PER BOOKS 2,559,813 49,327 50,828 52,212 20,385 908,450 3,641,015
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6 NUMBER OF LAST CHECK WRITTEN 2173 N/A
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* Escrow for potential tax payments resulting from the Ernst & Young review of IRS transcripts for
Physicians Resource Group, Inc. and affiliated companies.
(1) This is a zero balance account. Cash balances at the end of the day are swept into overnight interest bearing
investments.
(2) Three checks that cleared the bank on Sept. 30th but were not deducted from the Sept. bank statement.
(3) Escrow account for checks returned for former employees for stock plan purchases due to employees. Forwarding
addresses are currently unknown, so funds were deposited June 27, 2000 into an escrow account.
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INVESTMENT ACCOUNTS MONTH: SEPT 2000
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BANK ACCOUNT NAME AND NUMBER DATE OR TYPE OF PURCHASE CURRENT
PURCHASE INSTRUMENT PRICE VALUE
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7a Southwest ABank of Texas 28-Sep-00 US FHLM 1,999,957 2,000,971
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7b Southwest Bank of Texas 17-Aug-00 US Treasury Bill 6,135,228 6,180,201
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7c Southwest Bank of Texas 17-Aug-00 US FFCB 9,864,543 9,945,025
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7d Southwest Bank of Texas 17-Aug-00 US FHLM 4,990,587 5,030,917
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Southwest Bank of Texas -
8a Investments for Eye Corp* 29-Jun-00 US FNMA 4,219,373 4,291,333
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Southwest Bank of Texas -
8b Investments for PRG Georgia* 29-Jun-00 US FNMA 3,511,411 3,571,297
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Southwest Bank of Texas -
8c Investments for AOI* 29-Jun-00 US FNMA 15,923,750 16,195,325
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9 Southwest Bank of Texas 21-Jan-00 Certificate of Deposit 154,000 159,755
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10 TOTAL INVESTMENTS 46,798,950 47,374,824
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CASH 23,316,868
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11 CURRENCY ON HAND -
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12 TOTAL CASH - END OF MONTH 51,015,838
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NOTE: Physician's Resource Group, Inc. established escrow accounts for the following subsidiaries: EyeCorp, PRG
Georgia, and AOI on June 29, 2000. Balances in the accounts represent the net proceeds received as a
result of the sale of assets by these subsidiaries during 1999 and 2000. Amounts transferred to the
escrow accounts have not be reduced by allocated corporate overhead.
</TABLE>
<PAGE>
Monthly Operating Report
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CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM ACCRUAL BASIS-6
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MONTH: SEPT 2000
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********** ALL AMOUNTS ARE UNAUDITED **********
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PAYMENTS TO INSIDERS AND PROFESSIONALS
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OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT
PAID TO INSIDERS (AS DEFINED IN SECTION 101(31)(A)-(F) OF THE
U.S. BANKRUPTCY CODE) AND THE PROFESSIONALS. ALSO FOR INSIDERS,
IDENTIFY THE TYPE OF COMPENSATION PAID (e. g. SALARY, BONUS,
COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE,
ETC.) ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
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INSIDERS
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NAME TYPE OF AMOUNT TOTAL PAID
PAYMENT PAID TO DATE
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<S> <C> <C> <C>
1 LANE EDENBURN SALARY 14,583 116,667
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2 KAREN NICOLAOU SALARY 11,667 93,334
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3 MICHAEL YEARY SALARY 37,500 300,000
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SUBTOTAL (See Note 1) 63,750 510,000
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4 KAREN NICOLAOU (See Note 2) BONUS 70,000
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5 MICHAEL YEARY (See Note 2) BONUS 150,000
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6 LANE EDENBURN (See Note 2) BONUS 87,500
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7 KAREN NICOLAOU EXP REIMBRMT 8,803 17,378
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8 MICHAEL YEARY EXP REIMBRMT 4,170 15,440
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9 LANE EDENBURN EXP REIMBRMT - 991
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10 TOTAL PAYMENTS TO INSIDERS 76,723 851,309
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</TABLE>
Note 1: Insiders Salary is reported on line 9, MOR-2. Expense reimbursements
for insiders is included in line 11, MOR-2
Note 2: Bonuses are paid in accordance with individual employee agreements.
<TABLE>
<CAPTION>
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PROFESSIONALS
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DATE OF COURT TOTAL
ORDER AUTHORIZING AMOUNT TOTAL PAID TO INCURRED &
NAME PAYMENT APPROVED AMOUNT PAID DATE UNPAID * (1)
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<S> <C> <C> <C> <C> <C>
1 ANDREWS & KURTH 151,850 151,850 857,684 345,712
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2 JACKSON WALKER 41,419 41,419 324,685 35,000
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3 MANN FRANKFORT 85,317 85,317 85,317 80,956
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4 QUANTUM INTERESTS 40,000 40,000 363,938 -
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5 HUGHES & LUCE 141,786 141,786 342,861 190,000
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6 BELL & NUNNELLY 8,241 8,241 65,684 7,500
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TOTAL PAYMENTS TO
5 PROFESSIONALS 468,613 468,613 2,040,169 659,168
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</TABLE>
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED.
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POST PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION
PAYMENTS
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<TABLE>
<CAPTION>
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SCHEDULED
MONTHLY AMOUNTS PAID TOTAL UNPAID
NAME OF CREDITOR PAYMENTS DUE DURING MONTH POSTPETITION
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<S> <C> <C> <C>
1
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2
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3
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4 TOTAL
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</TABLE>
<PAGE>
MONTHLY OPERATING REPORT
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CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM ACCRUAL BASIS-7
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MONTH: SEPT 2000
QUESTIONNAIRE -----------------
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YES NO
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1 Have any assets been sold or transferred
outside the normal course of business in
this reporting period? X
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2 Have any funds been disbursed from account
other than a debtor in possession account? X
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3 Are any postpetition receivables (accounts,
notes or loans) due from related parties? X
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4 Have any payments been made on prepetition
liabilities this reporting period? X
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5 Have any postpetition loans been received
by the debtor from any party? X
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6 Are any postpetition payroll taxes past due? X
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7 Are any postpetition state or federal income
taxes past due? X
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8 Are any postpetition real estate taxes past due? X
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9 Are any other postpetition taxes past due? X
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10 Are any amounts owed to postpetition creditors
delinquent? X
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11 Have any prepetition taxes been paid during
the reporting period? X
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12 Are any wage payments past due. X
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If the answer to any of the above questions is "yes," provide a detailed
explanation of each item. Attach additional sheets if necessary.
In accordance with court order, payment of forty two dollars ($42.00) was paid
to Kentucky State Treasurer, payment of two hundred seventy-one dollars and
fifty cents ($271.50) was paid to the State of New Jersey, eleven dollars
($11.00) was paid to Georgia Income Tax Division, eleven dollars ($11.00) was
paid to Georgia Income Tax Division, eleven dollars ($11.00) was paid to Georgia
Income Tax Division, twelve thousand five hundred dollars ($12,500) was paid to
Alabama Dept. of Revenue, and thirteen dollars and seventy two cents ($13.72)
was paid to Oregon Dept of Revenue for taxes due.
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INSURANCE
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YES NO
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1 Are workers compensation, general liability
and other necessary insurance coverages in
effect? X
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2 Are all premium payments paid current. X
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3 Please itemized policies below. SCHEDULE ATTACHED
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If the answer to any of the above questions is "no", or if any policies have
been cancelled or not renewed during the reporting period, provide and
explanation below. Attach additional sheets if necessary.
<TABLE>
<CAPTION>
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INSTALLMENT PAYMENTS
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PAYMENT
PERIOD -------------------
TYPE OF POLICY CARRIER COVERED AMOUNT FREQUENCY
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<S> <C> <C> <C> <C>
1 Property "all risk" except policy exclusions Hartford 12/99 - 12/00 11,673 MNTHLY
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2 Umbrella Liability excess of schedule of underlying insurance TIG Specialty 06/99 - 06/00 48,579 QTRLY
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</TABLE>
<PAGE>
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CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
RESPONSES TO QUESTIONNAIRE
CASE NUMBER: 00-30748-RCM
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MONTH: SEPT 2000
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QUESTIONNAIRE
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11 Prepetition taxes
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Taxing Authority Amount Paid Description
Kentucky State Treasurer 42.00 1999 Corporation Tax
State of New Jersey 271.50 1999 NJ Corporation Tax
Georgia Income Tax Division 11.00 1999 Georgia Net Worth Tax
Georgia Income Tax Division 11.00 1999 Georgia Net Worth Tax
Georgia Income Tax Division 11.00 1999 Georgia Net Worth Tax
Alabama Dept of Revenue 12,500.00 Alabama Consolidated Filing
Fee
Oregon Dept of Revenue 13.72 1999 Excise Tax
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Total Paid $12,860.22
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Insurance:
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2 Premiums paid currently.
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In accordance with the cash management orders, PRG instructed its bank
not to honor checks presented after February 01, 2000 dated January 31,
2000 and prior. Included in these outstanding items were $12,200 in
checks payable to AON Risk Services of Texas. AON is in the process of
re-billing PRG and its subsidiaries. The accounts will be brought current
as soon as new invoices are received. Corporate invoices are being paid
currently, and PRG has not received notice of cancellation or potential
cancellation.
<PAGE>
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CASE NAME: PHYSICIANS RESOURCE GROUP, INC. MONTHLY OPERATING REPORT
CASE NUMBER: 00-30748-RCM SCHEDULE OF INSURANCE COVERAGE
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MONTH: SEPT 2000
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<TABLE>
<CAPTION>
POLICY PERIOD LIMIT OF
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TYPE OF COVERAGE CARRIER INCEPTION EXPIRATION PREMIUM: LIABILITY
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<S> <C> <C> <C> <C> <C>
1 Directors, Officers and Corporate Liability National Union Fire Insur 20-Apr-00 20-Apr-01 $450,000 $10,000,000
(One year extension of coverage) Co of Pittsburgh, PA
2 Directors, Officers and Corporate Liability National Union Fire Insur 20-Apr-01 20-Apr-07 $450,000 $10,000,000
(Six year run off.) Co of Pittsburgh, PA
3 Commercial Crime National Union Fire Insur 20-Apr-00 20-Apr-01 $ 17,365 $ 5,000,000
Co of Pittsburgh, PA
4 Workers Compensation - Standard forms; Extended Hartford Insurance Co/ 31-Dec-99 31-Dec-00 $ 28,259 $ 1,000,000
Broad Form endorsement where applicable Hartford Mid West Insur
5 Auto Standard Forms & Broad Form Auto Endorsement Hartford Insurance Co 31-Dec-99 31-Dec-00 $ 2,300 $ 1,000,000
6 Property Hartford Insurance Co 31-Dec-99 31-Dec-00 $ 140,073 $43,835,755
7 Umbrella Liability TIG Specialty Insurance 1-Jun-00 1-Jun-01 $ 50,000 $10,000,000
8 Healthcare Professional Liability & Managed Care TIG Specialty Insurance 1-Jun-00 1-Jun-01 $ 11,240 $ 3,000,000
E & O
</TABLE>
